Biltomore 15k Classic Inc

Analysis

Biltomore 15k Classic Inc is a registered charity in United States, based in Asheville, NC. It received its IRS tax-exemption ruling in April 1999, 27 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Biltomore 15k Classic Inc reported income of $54k and spending of $43k, leaving 20% of income unspent that year. Across the 2 years on record, from September 2022 to September 2023, income grew from $9,555 to $54k (+468%), an average of +468% a year. The sharpest change came in the year to September 2023, when income rose by 468%. Over the whole period it spent 79% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Biltomore 15k Classic Inc sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 19th percentile within NC. Charities of a similar size with the same main cause include Recycling for a Better Tomorrow a Schnitzer Steel Industries Charita ($54k), Central Council of the Society of St Vincent de Paul in the Diocese ($54k) and Chigo Adult Foster Care Home ($54k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $19k against liabilities of $0, net assets of $19k.